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The Way the Senate Melted Down over Crypto Is Revealing

nytimes.com

11–20 of 20 posts

Re: The Way the Senate Melted Down over Crypto Is Revealing

#11

> The technology is evolving to be much more than a digital currency, and Silicon Valley sees it as the digital infrastructure atop which the next internet will be built. What does this even mean? NFTs? Endless “coins”? I thought it was pretty much conclusively demonstrated that crypto is pretty much useless for anything other than speculation. Anyone have a single concrete example of crypto being used in a clearly u…

DNS alternatives like namecoin or ethereum.

Re: The Way the Senate Melted Down over Crypto Is Revealing

#12

> The technology is evolving to be much more than a digital currency, and Silicon Valley sees it as the digital infrastructure atop which the next internet will be built. What does this even mean? NFTs? Endless “coins”? I thought it was pretty much conclusively demonstrated that crypto is pretty much useless for anything other than speculation. Anyone have a single concrete example of crypto being used in a clearly u…

DNS alternatives like namecoin or ethereum.

Or HNS.

Re: The Way the Senate Melted Down over Crypto Is Revealing

#13

> The technology is evolving to be much more than a digital currency, and Silicon Valley sees it as the digital infrastructure atop which the next internet will be built. What does this even mean? NFTs? Endless “coins”? I thought it was pretty much conclusively demonstrated that crypto is pretty much useless for anything other than speculation. Anyone have a single concrete example of crypto being used in a clearly u…

The killer app of cryptocurrency is tax evasion

Re: The Way the Senate Melted Down over Crypto Is Revealing

#14
post #13

> The technology is evolving to be much more than a digital currency, and Silicon Valley sees it as the digital infrastructure atop which the next internet will be built. What does this even mean? NFTs? Endless “coins”? I thought it was pretty much conclusively demonstrated that crypto is pretty much useless for anything other than speculation. Anyone have a single concrete example of crypto being used in a clearly u…

The killer app of cryptocurrency is tax evasion

And evasion of capital controls.

Re: The Way the Senate Melted Down over Crypto Is Revealing

#15

> The technology is evolving to be much more than a digital currency, and Silicon Valley sees it as the digital infrastructure atop which the next internet will be built. What does this even mean? NFTs? Endless “coins”? I thought it was pretty much conclusively demonstrated that crypto is pretty much useless for anything other than speculation. Anyone have a single concrete example of crypto being used in a clearly u…

DNS alternatives like namecoin or ethereum.

OP asks for answers and legitimate ones get downvoted. Was the question in good-faith?

Re: The Way the Senate Melted Down over Crypto Is Revealing

#17

> The technology is evolving to be much more than a digital currency, and Silicon Valley sees it as the digital infrastructure atop which the next internet will be built. What does this even mean? NFTs? Endless “coins”? I thought it was pretty much conclusively demonstrated that crypto is pretty much useless for anything other than speculation. Anyone have a single concrete example of crypto being used in a clearly u…

User ownership of virtual land in a persistent game-world that multiple studios can work with without having to explicitely interoperate or know about each other.

Re: The Way the Senate Melted Down over Crypto Is Revealing

#18
post #13

> The technology is evolving to be much more than a digital currency, and Silicon Valley sees it as the digital infrastructure atop which the next internet will be built. What does this even mean? NFTs? Endless “coins”? I thought it was pretty much conclusively demonstrated that crypto is pretty much useless for anything other than speculation. Anyone have a single concrete example of crypto being used in a clearly u…

The killer app of cryptocurrency is tax evasion

... for them. Not us.

Re: The Way the Senate Melted Down over Crypto Is Revealing

#19

Earlier quoted context omitted.

DNS alternatives like namecoin or ethereum.

OP asks for answers and legitimate ones get downvoted. Was the question in good-faith?

Yes. But I don’t control what others do. I’m not allowed to downvote top level comments.

Re: The Way the Senate Melted Down over Crypto Is Revealing

#20

> The technology is evolving to be much more than a digital currency, and Silicon Valley sees it as the digital infrastructure atop which the next internet will be built. What does this even mean? NFTs? Endless “coins”? I thought it was pretty much conclusively demonstrated that crypto is pretty much useless for anything other than speculation. Anyone have a single concrete example of crypto being used in a clearly u…

How about things like decentralized finance?

Stablecoins like USDC that are pegged 1:1 with the USD enable “wire transfers” with tiny fees compared to what banks charge.

I can picture this for other parts of banking that are so dated - escrow, checking accounts, collecting debit payments (lots of Internet companies won’t host sex workers because of puritanical terms from credit card processors for example)

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